2007-12-29 12:00:51 · 6 answers · asked by bookie727 2 in Business & Finance ➔ Taxes ➔ United States
First of all - CONGRATS!!
Now - What's the norm where you work? When coworkers have passed the exam in the past, did they get a raise or a bonus? Most places will give a bonus. And those places that do give bonuses make it well known that you will get a bonus upon passing the exam.
Where I work, it's the norm to get a raise upon passing an exam like the CPA or CFA, but it's not guaranteed...meaning, we shouldn't "expect" it. I got a 6% raise. Granted it's not much, but I wasn't expecting it. What I am expecting, is more opportunity in the future. Passing the CPA exam made me eligible for positions that I was not eligible for before - and that's what it's done for you, as well.
BTW - stats show that CPA's generally make 10% more than their counterparts without the CPA license.
2008-01-02 01:57:40 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It depends entirely upon your employer. Did they make any promises? From a 0% to a 100% increase is possible if you pursue it, which means you might have to consider a career move. Don't expect much, though, without proactively seeking it!
2007-12-29 20:41:17 · answer #2 · answered by Anonymous · 1⤊ 0⤋
If you will soon be a CPA, I suggest you loose the "bookie" handle (unless you work for the Mafia).
Jim Kirby, CPA/PFS, CFP, CFS
2007-12-30 12:32:19 · answer #3 · answered by Jim Kirby, CPA/PFS, CFP, CFS 3 · 0⤊ 0⤋
Depends on what you think you are worth. I woud go in a sk for a raise and if I didn't get it, I would look for another company that appreciates your accomplishments.
2007-12-29 20:06:07 · answer #4 · answered by Kat 3 · 1⤊ 0⤋
I got zero but a couple of months later was promoted and got 27.5% increase.
2007-12-29 20:04:34 · answer #5 · answered by shipwreck 7 · 0⤊ 0⤋
That's up to your employer - anything from nothing to quite a lot.
2007-12-29 20:04:21 · answer #6 · answered by Judy 7 · 1⤊ 0⤋